Ownership Action Report: Institutional Investor’s Anti-Ameriprise Financial Inc (NYSE:AMP) Sentiment In Q2 2016

November 25, 2016 - By Vivian Park   ·   0 Comments

Ownership Action Report: Institutional Investor's Anti Ameriprise Financial Inc (NYSE:AMP) Sentiment In  Q2 2016

Sentiment for Ameriprise Financial Inc (NYSE:AMP)

Ameriprise Financial Inc (NYSE:AMP) institutional sentiment decreased to 0.75 in 2016 Q2. Its down -0.19, from 0.94 in 2016Q1. The ratio worsened, as 242 funds increased and opened new equity positions, while 258 reduced and sold holdings in Ameriprise Financial Inc. The funds in our partner’s database now possess: 124.67 million shares, down from 135.13 million shares in 2016Q1. Also, the number of funds holding Ameriprise Financial Inc in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 50 Reduced: 208 Increased: 181 New Position: 61.

Ameriprise Financial, Inc. is a diversified financial services firm that offers financial solutions to individual and institutional clients. The company has a market cap of $18.05 billion. The Firm operates in five divisions: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. It has a 15.55 P/E ratio. The Advice & Wealth Management segment provides financial planning and advice, as well as brokerage services, primarily to retail clients through advisors.

About 169,217 shares traded hands. Ameriprise Financial, Inc. (NYSE:AMP) has risen 13.78% since April 22, 2016 and is uptrending. It has outperformed by 8.37% the S&P500.

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on January, 25. They expect $2.40 earnings per share, down 2.83% or $0.07 from last year’s $2.47 per share. AMP’s profit will be $378.97 million for 11.91 P/E if the $2.40 EPS becomes a reality. After $2.29 actual earnings per share reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts 4.80% EPS growth.

According to Zacks Investment Research, “AMERIPRISE FINANCIAL, INC. is a financial planning and services company with financial advisors and registered representatives that provides solutions for clients’ asset accumulation, income management and insurance protection needs. The Company’s financial advisors deliver tailored solutions to clients through a personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The Company specializes in meeting the retirement-related financial needs of the mass affluent and affluent. Financial planning services and investments are available through Ameriprise Financial Services, Inc. Member FINRA and SIPC.”

Lyrical Asset Management Lp holds 2.99% of its portfolio in Ameriprise Financial, Inc. for 1.59 million shares. Gyroscope Capital Management Group Llc owns 37,093 shares or 2.71% of their US portfolio. Moreover, Boyar Asset Management Inc. has 2.47% invested in the company for 34,714 shares. The Japan-based Mu Investments Co. Ltd. has invested 2.34% in the stock. Atwood & Palmer Inc, a Missouri-based fund reported 141,483 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 4 selling transactions for $1.55 million net activity.

Ameriprise Financial, Inc. (NYSE:AMP) Ratings Coverage

Ratings analysis reveals 33% of Ameriprise Financial’s analysts are positive. Out of 9 Wall Street analysts rating Ameriprise Financial, 3 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $94 while the high is $147. The stock’s average target of $119.25 is 4.34% above today’s ($114.29) share price. AMP was included in 18 notes of analysts from September 7, 2015. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Buy” rating by SunTrust on Wednesday, March 23. The stock has “Hold” rating given by Zacks on Monday, September 7. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Outperform” rating by RBC Capital Markets on Thursday, October 22. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Outperform” rating by Keefe Bruyette & Woods on Monday, October 12. The firm has “Hold” rating by Deutsche Bank given on Friday, October 14. The firm earned “Neutral” rating on Wednesday, April 6 by Citigroup. Wells Fargo downgraded the stock to “Market Perform” rating in Wednesday, January 13 report. The firm earned “Equal-Weight” rating on Thursday, October 22 by Barclays Capital. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, January 29. The rating was upgraded by Credit Suisse on Monday, January 11 to “Outperform”.

AMP Company Profile

Ameriprise Financial, Inc., incorporated on October 29, 1983, is a diversified financial services firm that offers financial solutions to individual and institutional clients. The Firm operates in five divisions: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Firm uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail services and products. The retail services and products that use the Ameriprise Financial brand include those that the Company provides through its advisors (financial planning investment advisory accounts and retail brokerage services) and services and products that the Company markets directly to clients or through affinity groups (personal auto and home insurance). The Firm uses its RiverSource brand for its annuity and protection products issued by the RiverSource Life companies, including its life and disability income insurance products. The Company’s brand, Columbia Threadneedle Investments, has asset management capabilities.

Another recent and important Ameriprise Financial, Inc. (NYSE:AMP) news was published by Forbes.com which published an article titled: “Ameriprise Financial Becomes Oversold” on October 26, 2016.

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By Vivian Park

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